Guideline Value for Kamatchi Amman Nagar

Kamatchi Amman Nagar guideline value

The current guideline value of Kamatchi Amman Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Atthivakkam village, under the Redhills Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Kamatchi Amman Nagar has changed

Since the 2003 revision, the guideline value for Kamatchi Amman Nagar has seen significant changes. In 2003, the value was Rs 17 per sq.ft, which increased to Rs 200 per sq.ft in 2007. The 2012 revision saw a slight increase to Rs 300 per sq.ft, but the following revision in 2017 marked a decrease to Rs 201 per sq.ft. The value rose again to Rs 300 per sq.ft in 2023, and most recently, it has increased to Rs 330 per sq.ft in the 2024 revision.

Overall, from 2003 to 2024, the guideline value has increased by 1841%. Notably, the increase from 2023 to 2024 was 10%, while the rise from 2017 to 2023 was 49%. There is no figure available for the year 2002 in the register for this street.

Guideline values in Atthivakkam

In Atthivakkam, there are 27 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 1,400 per sq.ft, with a median value of Rs 440 per sq.ft. The guideline value for Kamatchi Amman Nagar is below this median.

• J.H.Nagar Part-4: Rs 800 per sq.ft (2024)
• J.H.NAGAR Part -3: Rs 800 per sq.ft (2024)
• J.H.NAGAR Part -2: Rs 800 per sq.ft (2024)
• J.H.Nagar Part-1: Rs 800 per sq.ft (2024)
• Gomathiamman Nagar Annex - XII: Rs 275 per sq.ft (2024)
• Gomathi Amman Nagar Annex - VII: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, making the total fees Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kamatchi Amman Nagar?

The Sub Registrar Office that covers Kamatchi Amman Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Atthivakkam

The guideline value is a crucial factor in the registration of property transactions in Atthivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the official valuation set by the government. This helps in maintaining transparency and compliance with local regulations in property dealings.

Frequently asked questions

What is the current guideline value of Kamatchi Amman Nagar?

The current guideline value of Kamatchi Amman Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 17 per sq.ft in 2003 to Rs 330 per sq.ft in 2024, marking an increase of 1841% overall. Notable changes include a 10% increase from 2023 to 2024.

What is the land classification for Kamatchi Amman Nagar?

The land classification for Kamatchi Amman Nagar is Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Kamatchi Amman Nagar?

The Sub Registrar Office for Kamatchi Amman Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Kamatchi Amman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,30,000, the stamp duty at 7% would be Rs 23,100.